The latest market report published by Credence Research, Inc. “Europe Off-road Bike, Wheel Assembly, Rim Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Europe Off-road Bike, Wheel Assembly, Rim Market generated around USD xx billion in 2021 and is anticipated to grow a CAGR of over xx% during the forecast period from 2022 to 2028 to reach around USD xx billion in 2028.
The increased demand for bikes for mobility and recreation is driving the growth of the Europe off-road bike, wheel assembly, and rim industry. The market is growing as cycling becomes more popular as a mode of transportation, particularly in developed countries. The sector is growing due to increased sponsorships from large brands for racing events and riders. A surge in off-road motorcycle launches and the popularity of all-electric off-road motorcycles are also driving the industry. Furthermore, this market is expanding as cutting-edge technology is applied to the production of bike rims. Nonetheless, due to technological advancements and rising awareness, the Europe off-road bike, wheel assembly, rim market is expected to grow healthy during the projected period.
Browse Global Europe Off-road Bike, Wheel Assembly, Rim Market report –https://www.credenceresearch.com/report/europe-off-road-bike-wheel-assembly-rim-market
The Europe off-road bike, wheel assembly, rim market is segmented into type, component, application, and geography. Based on type, the Europe off-road bike, wheel assembly, rim market is segmented into front and back. Based on the component, the Europe off-road bike, wheel assembly, rim market is divided into rims and others. Based on the application, the Europe off-road bike, wheel assembly, and rim market is segmented into dirt, adventure, trail, enduro, and kids’ motorbikes. Based on geography, the Europe off-road bike, wheel assembly, rim market is segmented as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
In 2021, one of the major contributors to the European off-road bike, wheel assembly, and rim market was Germany. The market is growing as the demand for off-road bikes rises in several end-use sectors, including sports, transportation, and leisure. Businesses can benefit greatly from utilizing cutting-edge technology and being close to a highly developed industrial cluster. Consumer tastes have recently shifted away from mileage and toward vehicle aesthetics and practicality, another factor boosting demand for off-road motorcycles, wheel assemblies, and rims. Due to an expanding population, rapid industrialization, and aggressive manufacturing sector expansion, the market is estimated to grow during the projected decade.
Why To Buy This Report-
- The report provides a qualitative and quantitative analysis of the Europe Off-road Bike, Wheel Assembly, Rim market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at regional and country levels.
- In-depth analysis of the Europe Off-road Bike, Wheel Assembly, Rim market segmentation based on the type, component and application.
- The Europe Off-road Bike, Wheel Assembly, Rim market report also includes analyzing the regional and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
The Global Europe Off-road Bike, Wheel Assembly, Rim Market is Segmented into:
|Forecast Period||2022 – 2028|
|Historical Year||2016 – 2021|
|Segmentation|| By Product Type (2016–2028; US$ Mn)|
By Application (2016–2028; US$ Mn)
By Component (2016–2028; US$ Mn)
By Geography Segment (2016–2028; US$ Mn)